The same concept applies to betting bots.Īn iceberg bot will go to dozens of betting companies and place numerous small bets instead of a large one. In the financial world, an iceberg order is one huge order hidden under the guise of hundreds of small orders. The bots will scrape all the odds for a certain event and automatically calculate whether an arb bet is possible based on a pre-set mathematical formula. In the betting industry, arbitrage bets, also known as “sure bets”, aim to make money by betting on two different outcomes for the same event. In the case of betting bots, they scrape odds data from selected bookmakers – information which is then used to check which company offers the best odds manually.Ī whole cottage industry of “odds providers” rely on these bots to gather data, make calculations, and sell the results to the public. Here are just a few examples.Ī scraping bot is always designed to gather data from a website. 4 Types of Betting Botsīetting bots come in all shapes and sizes, from simple to highly sophisticated. While their essential use is to speed up betting on sports or other events (usually by leveraging APIs), more sophisticated bots have now invaded online poker tables and other multiplayer games. They’re also known as casino bots, gambling bots, or value-betting software. So, how do you stop them from spoiling players’ fun and hurting companies’ bottom lines? This article will shed some light on how they operate as well as offer some solutions to detect and stop them.Ī betting bot is a script designed to automatically perform set actions on a betting website without direct human input. Anyone working in iGaming will tell you that betting bots can be a huge problem for operators.

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